The cryptocurrency SUI has been experiencing significant upward momentum, but there are signs of potential exhaustion and overbought conditions. This has led to speculation about a possible price correction in the future. Despite this, SUI has recently surged over 10%, reaching a price of $4.23, indicating strong investor interest and market activity. However, on the 4-hour chart, there have been bearish signals, including a decline towards the $4 support level and the 100-day Simple Moving Average. This could potentially lead to a broader trend reversal. Traders should watch for critical support levels, particularly at the $4 mark, to gauge whether a pullback will be temporary or more prolonged. If the bulls manage to trigger a comeback at the $4 support level, it could indicate a renewed rally for SUI.



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